GDXJ Looks Coiled for a Move Higher, But How Much Higher
Looking at the bottom two longer-term trend lines (which have held numerous times) are now supporting current price action. The Slow Stochastic & MACD are swinging around and look like they could signal a solid BUY. Wait for the MACD cross and the Slow Stochastic to break above ~20. Targets are below & watch those previous resistance lines. When targeting, I prefer gap fills.
**TARGETS**
Target 1= 34.20
Target 2= 35.59
(Home-run Targets)
Target 3= 36.34
Target 4= 37.00
STOP=33.59
**RESISTANCE**
R1= 34.21
R2= 35.06
**Not a pro trader, do your own work**
**TARGETS**
Target 1= 34.20
Target 2= 35.59
(Home-run Targets)
Target 3= 36.34
Target 4= 37.00
STOP=33.59
**RESISTANCE**
R1= 34.21
R2= 35.06
**Not a pro trader, do your own work**
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.